Congressional Insanity 90% Tax on Bonuses

The Associated Press said that the 90% tax passed the House….

The bill will take 90% of any bonus money paid to employees of companies, like AIG, who have accepted bailout money….

The vote was 328-93.

Said House Speaker Nancy Pelosi: “We want our money back and we want our money back now for the taxpayers.”

Republicans called it a legally questionable ploy to paper over Obama administration missteps.

http://michellemalkin.com/2009/0
3/19/putting-on-a-great-show-kab
uki-in-the-house/

http://www.frugal-cafe.com/publi
c_html/frugal-blog/frugal-cafe-bl
ogzone/2009/03/19/alice-throu
gh-the-looking-glass-tax-aig-to-ob
livion/

Punishment by tax is unconstitutional becaue that is the kind of trickery pulled to punish our Founders the colonists: by the King of England.

There could be a legal challenge to this bill: telling us again that rushed legislation is often bad legislation….Like the stimulus….

So are the Democrats sure they want to vote on a 90% tax for AIG and others like them?

Guess who loves this good thinking?  Nancy Pelosi and Charlie Rangel.

These guys are eating my lunch….

Second idea; the Democrats want to rush this to a vote in the House: the same kind of brainless conduct that brought us the stimulus and the AIG bonuses in the first place.

“Give me a f *&$%# ing break.”

Related:
Pelosi, Rangel rushing to tax AIG and other bonuses 90%; This caused a revolution once…

Associated Press says the House passed the 90% Tax:
http://news.yahoo.com/s/ap/20090
319/ap_on_go_co/aig_outrage

Related:
Economic Recovery? “These guys are eating my lunch”

Lawmaking by Stampede Made the Stimulus, Now We’ll Tax ‘Bonuses’ the Simulus Allowed?
.
Obama On Geithner Sounds Like “Brownie, you’re doing a heck of a job”
.
Pelosi, Rangel rushing to tax AIG and other bonuses 90%; This caused a revolution once…

AIG Bonus Snafu: Boomeranging Into the Faces of Democrats?

“Dodd The Dodge” — Senator Weasels Away The Truth; And Not Artfully

Obama the centrist, pragmatic problem-solver is gone: now liberal spendathon, no accountability
.
News at eleven followed by Jay Leno and Barack on the National Barack Channel….

Obama, Pelosi: Anything to Win

Obama,

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